Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Receives Average Rating of “Reduce” from Brokerages

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been given a consensus rating of “Reduce” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.

A number of brokerages have recently issued reports on APYRF. TD Securities reiterated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, February 19th. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research report on Monday, December 1st. Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a report on Monday, December 1st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Stock Performance

APYRF opened at $6.67 on Thursday. Allied Properties Real Estate Investment Trust has a 1 year low of $6.67 and a 1 year high of $15.91. The stock’s 50 day simple moving average is $9.05 and its 200 day simple moving average is $11.03.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a Canada-based real estate investment trust that owns, develops and manages urban office environments in key metropolitan markets. Established in 2003, the trust focuses on acquiring and revitalizing centrally located office buildings, with an emphasis on preserving historic and architecturally significant properties. Allied Properties REIT is listed on the Toronto Stock Exchange and its units trade in the United States on the OTC Markets under the symbol APYRF.

The company’s portfolio comprises primarily low-rise and mid-rise office buildings situated in major urban business districts, including Toronto’s downtown core and select properties in Montréal, Ottawa and Vancouver.